Birdwatch Note Rating
2023-05-10 08:19:42 UTC - HELPFUL
Rated by Participant: EEC5E399E74E07DA6BA010DA3C336001DCEC37C98DFBA2EFC5CD9135EAD59A35
Participant Details
Original Note:
Virtual currency is treated as property and general tax principles applicable to property transactions apply to transactions using virtual currency. When investors sell virtual currency they must pay tax on any capital gain. There is no evidence of “Loopholes” to avoid this. https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions
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